Eurasian Economic Union

Progress has been made on potential duty-free exports of Serbian-made Fiat cars to the Eurasian Economic Union, says Russian Ambassador Aleksandr Chepurin.

PM Aleksandar Vucic discussed with Russian Ambassador to Serbia Alexander Chepurin on Thursday "implementation of agreements on economic cooperation."

On the occasion, Vucic said he expected a deal on "exports of Serbian-made Fiat vehicles to the Eurasian Economic Union to also be reached."

Turkey and Kazakhstan will be two central countries in Eurasia in the fields of energy, trade and transportation, Turkish Prime Minister Ahmet Davuto?lu said Feb. 6.

Davuto?lu met Kazakh President Nursultan Nazarbayev during a two-day official visit to Kazakhstan to further develop relations in the fields of transportation, energy and trade.      

Russian President Vladimir Putin signed a document Nov. 28 that introduces sharp economic sanctions on Turkey, which include banning Turkish employment in the country, according to a statement by the Kremlin press service.

Kyrgyzstan became Aug. 6 the fifth member of a Moscow-backed economic bloc of former Soviet countries, a move firmly linking the Central Asian state to Russia at the risk of disrupting trade with China.

BELGRADE - Fiat cars from the Kragujevac factory could start being exported to Russia duty-free as early as the first half of this year, Trade Representative at the Embassy of the Russian Federation to Serbia Andrey Khripunov told Tanjug Thursday.

Turkey has yet to make an official application for membership of the Eurasian Economic Union (EEU), but it would be welcome to join, Kazakhstan?s ambassador to Turkey has said.

EU's High Representative for Foreign Affairs and Security Policy Federica Mogherini has suggested renewal in relations with Russia in the spheres of global diplomacy, trade and other issues on Wednesday.

Russia's ambassador to the EU has called on the bloc to launch talks with the newly formed Eurasian Economic Union despite the Western economic sanctions against Moscow imposed over the Ukraine crisis.

The Eurasian Economic Union (EEU) officially starts functioning on January 1.

The EEU unites Russia, Belarus, Kazakhstan, Armenia, and Kyrgyzstan.

The new economic union envisages free flow of capital, goods services, and workforce on a common market including over 170 million people, according to reports of the Bulgarian National Radio.